EUROPE

The Star Early Edition - - MARKETS -

STOCKS rose for a sec­ond day yes­ter­day as a re­port showed Ger­man in­vestor con­fi­dence ad­vanced for the first time this year.

The Stoxx Europe 600 in­dex climbed 0.6 per­cent to 339.3 at the close of trad­ing in London. It has re­bounded 9.4 per­cent from this year’s low on Oc­to­ber 16 as the Bank of Ja­pan un­ex­pect­edly boosted its stim­u­lus and most lenders in Europe passed cap­i­tal­strength tests.

The ZEW Cen­tre for Euro­pean Eco­nomic Re­search in Mannheim said yes­ter­day its in­dex of in­vestor and an­a­lyst ex­pec­ta­tions rose to 11.5 in Novem­ber from mi­nus 3.6 in Oc­to­ber. The gauge aims to pre­dict eco­nomic de­vel­op­ments six months in ad­vance.

The Stoxx 600 rose 0.5 per­cent on Mon­day as Mario Draghi (Europe Cen­tral Bank gov­er­nor) said the cen­tral bank’s ex­panded pur­chase pro­gramme could in­clude gov­ern­ment bonds.

Stocks moved higher ear­lier yes­ter­day after UK data showed in­fla­tion un­ex­pect­edly ac­cel­er­ated. – Bloomberg

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